The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1887-08-04
Tho Cotton ESovcmont.

From tho Now York Financial Chron.
iclo's cotton article of July % the follow
ing figures arc gathered relative to the
movement Of the staple during the past
week:
For the week ended July % the total
receipts reached 3,295 bales, against
1900 bales last week, 1,261 bales the
previous week, and 3,59S bales three
weeks since; making tho total receipts
since tho 1st September, 1886, 5,2O2, ,09S
bales, against 5,2S9, ,Gl2 bales for the same
S65-6, showinga u decrease since
II l, 1886, of 81, 5l4 bales.
otal sales for forward delivery for
the week were 493, 700 bales. For i'm
mediate delivery the total sales foot I'M
this week $500 bales, including G.2O7
bales for export and 2, G53 for homo CON
sumption.
The exports for the week reach O total
of 1891 bales, of which 1G, ,G5l were TO
Great Britain, 10 to France, and 2,237
to the rest of the continent.
The imports into continental ports
during the week were 10000 bales.
These figures indicate an increase in tho
cotton in sight of 70, 4GG bales as com
pared with the same dato of 1886, an
increase of 1873 bales as compared
with the corresponding date of 1886, and
a decrease of 3lG,023 bales as compnrcd
with 1854.
The total receipts from the planta-
tions since 1st September, 1856, are
8, lS3, 22G balos; in 1856 were 5, 1873, 572
bales; III 1SS4-5 were 4,72G,4l0 bales,
Although the receipts at the outports for
the past week were 3, 295 balos, the actual
movement from the plantations was only
- bales, the balance being taken from
the stocks at the interior towns. last
year tho receipts from tho plantations
for the samo week were 1927 bales. and
and for 1885 they 903 bales. The de-
crease in amount in sight tonight, as
compared with last year, is 10, ,842 bales,
the increase as compared with 1881-5 is
7l5,3l2 bales, and the increase over
1881 is 701 ,O25 bales.
The Chronicle says that the spccuIa-
tlon III cotton for future delivery at this
market has been fairly active for the
week under rcviow, but prices have
shown good deal Of variablcness and
lrregularity, influenced largely by ma.
nlpulatlon by the regular operators.
Saturday was rather firmor but on Mon.
day the announcement of tho failurc oi
house reported to have been a leader
III the effort to corner" this crop caused
a sharp decline in July and August on.
tions, and weakened tho whole position
but on Tuesday better report from Liy.
erpool and the repetition oe reports from
tho Southwest that damage was beipo
done by drouth, with some accounts ol
worms, caused an equally smart advance
On Wednesday the early months opened
lower and tho next crop dearor, when
tho tone suddenly changed; thero was
an active buying of August, with the
next crop moro freely sold, closing lowor
| while this crop maintained small ad.
vance. Thursday an irregular OPENING
was followed by general decline, attri6
nted to the report of failures at Now
Orleans, the effect of tho recent sharr
decline. Friday the market was duf
and weak. Cotton on the spot has mct
with a moderate demand for homo con
sumption. Quotations were reduced
l-1Gc. on Monday. On Thursday large
business was done for export, and up
lands wore advanced 1-1Gc. FRIDAY
thoro was little doing, and middling up
lands nominal at l0gc.